New Owner for Travel Weekly and PhoCusWright

Leading industry media, meetings and research company Northstar Travel Group has changed hands for an undisclosed amount. Its new new owner is Wasserstein Partners IV, a mid-market buyout fund.

US-focused Northstar owns research company PhoCusWright and publications Travel Weekly, TravelAge West, Business Travel News, Successful Meetings, Meetings & Conventions, Travel Weekly China, Incentive, M&C China, and Web in Travel.

It also produces more than 50 events in thirteen countries and is the majority shareholder in Inntopia, an e-commerce software provider to the ski industry.

Northstar was sold by the Wicks Group of Companies, a New York private equity firm which had owned it for several years.

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